Queensland Consolidated Acts

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FINANCIAL ADMINISTRATION AND AUDIT ACT 1977 - SECT 4

4 Meaning of administered receipt and controlled receipt

(1) Administered receipt means each amount of public moneys received by a department that is not a controlled receipt under subsection (2).

(2) Controlled receipt means each of the following amounts of public moneys received by a department--

(a) a fee or charge fixed under section 36(2) or another Act;
(b) a section 96 grant for recurrent expenses if the grant is subject to conditions the department is responsible for complying with;
(c) a bequest, contribution, donation, gift or grant to the department;
(d) the proceeds of the disposal of, or rent under a lease for, an asset if, under the prescribed requirements, the proceeds must be recorded in the department's controlled statement of financial position;
(e) an amount that, under another Act, must be paid into a fund to which this Act applies if--
(i) the accounts for the fund are part of the departmental accounts of the department; and
(ii) under the prescribed requirements, the amount must be recorded in the department's controlled statement of financial position;
(f) an amount paid into the department's departmental financial institution account under section 41A(2) as interest, or under section 41A(5) as moneys received from an investment;
(g) an amount received for goods or services supplied by the department as reimbursement for the cost of supplying the goods or services, other than a fee or charge fixed under section 36(2);
(h) an amount received by the department if, under the prescribed requirements, the amount must be recorded in the department's controlled statement of financial position as a liability;
(i) an amount paid to the department by the Treasurer--
(i) under an Annual Appropriation Act for application to a departmental output or equity adjustment of the department; or
(ii) under an authority for unforeseen expenditure in relation to a departmental output or equity adjustment of the department; or
(iii) under a statement under section 23D for application to a departmental output of, or equity injection to, the department.

(3) Subsections (1) and (2) are subject to an Annual Appropriation Act for a financial year that prescribes an amount of public moneys received by a department for the financial year as--

(a) an administered receipt for the year; or
(b) a controlled receipt for the year.

(4) In this section--

controlled statement of financial position means a controlled statement of financial position prepared under the prescribed requirements as part of the general purpose financial statements under section 40.

recurrent expenses means all expenses, other than expenses for capital works or redeeming loans.

rent under a lease includes income under a lease.

section 96 grant means financial assistance granted to the State by the Commonwealth under section 96 of the Commonwealth Constitution.



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